University of Missouri

48-22: A Resolution to Set a Target of Maximum 5% Annual Carryover for Future MSA Fee Recommendations and Budget Allocations

WHEREAS, MSA projected approximately $40,000 carryover in April of each of the last three years, and
WHEREAS, actual MSA carryover figures have been 37- 233% higher than projected:
Year     Projected     Actual         Diff         %Diff
FY06     $42,210.00      $57,899.40     $15,679.40      +37%
FY07     $44,273.00      $127,940.25      $83,667.25      +189%
FY08     $40,474.42      $134,701.49     $94,227.07      +233%
[FY08]    $109,285.07                       +23%
[Bill 47-40] WHEREAS, MSA projected approximate carryover of 3-3.5% of the total MSA budget in April of each of the last three years, and
WHEREAS, actual MSA carryover figures have been approximately 5-10% of the total MSA budget:
Year     Projected     Actual
FY06     3.60%         4.97%
FY07     3.19%         9.23%
FY08     2.95%         9.82%
WHEREAS, $123,595.90 of the $134,701.49 MSA carryover in Fiscal Year 2008 was accumulated from five sources:
$ 67,335.25 Contingency & Reserve
$ 22,338.70 Web Programming
$ 16,900.23 Student Design Center
$   9,781.97 Student Salaries
$   7,239.75 KCOU
WHEREAS, MSA should not request more funding than it requires each fiscal year, and
WHEREAS, MSA should strive to accurately predict its carryover each spring semester., and
WHEREAS, defining expectations for MSA carryover will create boundaries for the MSA fee recommendation each fall and budget allocation each spring.
THEREFORE, be it resolved by the Missouri Students Association Senate that MSA set a carryover target of no more than 5% of its total budget when recommending the amount of the MSA fee each fall and allocating the approved funding each spring.
THEREFORE, be it further resolved that all MSA departments and auxiliaries are expected to provide accurate carryover projections to the MSA Vice President and Senate each spring.